Loan Approved For LNG Plant
Venture Global LNG, a U.S. liquefied natural gas (LNG) export project developer, said it has secured a $220 million bridge loan from with Morgan Stanley Senior Funding Inc. and associated lenders. Proceeds will be used…
CNG Is Safe Fuel, Data Show
There are many misconceptions about how safe compressed natural gas (CNG) is as a vehicle fuel. This is the same fuel used to heat houses, clothes dryers, stoves, etc., but it is compressed usually to…
World Markets Racing For LNG
Liquefied natural gas (LNG) is playing an increasingly important role in the global energy mix, driven by its environmentally friendly characteristics, versatility and relatively cheap price. LNG is perceived as a transition fuel that can…
Equity Firm Buying Direct ChassisLink
Direct ChassisLink Inc. (DCLI) and is subsidiary Blume Global will be acquired by Apollo Global Management, a private equity fund, officials at the two companies said recently. Reuters reported the deal was for about $2.5B…
NTTC Joins Safety Coalition
National Tank Truck Carriers (NTC) has joined the Federal Motor Carrier Safety Administration’s (FMCSA) Our Roads, Our Safety Coalition, the trade groups announced recently. As a coalition partner, NTTC will collaborate with FMCSA and other…
Gas Glut Creating Mixed World Market
Surging production of U.S. liquefied natural gas (LNG) and slower growth of demand in Asia this year could leave companies that have committed to long-term purchase contracts struggling to find markets, analysts say. Over the…
Navistar Must Pay Damages, Court Rules
Navistar, parent company of International Trucks, has been ordered by an Ohio-based jury to pay Dutch Maid Logistics, a 150-truck fleet out of Willard, Ohio, at least $1.3 million in damages relating to Navistar’s now-defunct…
FMCSA Relaxes License Upgrades
The Federal Motor Carrier Safety Administration (FMCSA) is making it easier and less expensive for truck drivers to upgrade their commercial driver’s license from a Class B to Class A through a change to its…
Consolidation Reshaping LNG Sector
The recent geographical developments in the liquified natural gas (LNG) industry are occurring at a time of consolidation. The $53 billion combination of Royal Dutch Shell and BG Group has created the world’s largest LNG…
‘Availables’ Softening Trailer Production
The trailer industry’s strong order streak, which started in the fall of 2017, came to an end at the close of 2018, but the softness was not necessarily due to a change in fleet confidence…
B&R Repair Safety Railing System
The greater hazard that comes from top-loading in tanker trailers creates a situation that can put driver’s in danger. B&R Repair’s patented safety railing system puts an end to that situation. The collapsible railing allows
Dixon Bayco Composite Butterfly Valves
Dixon Bayco has released a new line of rugged, lightweight composite butterfly valves. These composite butterfly valves are designed for the dry bulk transportation industry. The dry bulk industry requires a robust design to withstand…
